ICANN

The Internet Corporation for Assigned Names and Numbers is a global multistakeholder group and nonprofit organization headquartered in the United States, responsible for coordinating the maintenance and procedures of several databases related to the namespaces and numerical spaces of the Internet, while also ensuring the Internet's smooth, secure, and stable operation. ICANN performs the actual technical maintenance (work) of the Central Internet Address pools and DNS root zone registries pursuant to the Internet Assigned Numbers Authority (IANA) function contract. The contract regarding the IANA stewardship functions between ICANN and the National Telecommunications and Information Administration (NTIA) of the United States Department of Commerce ended on October 1, 2016, formally transitioning the functions to the global multistakeholder community. It was created in 1969, but only available to academic research institutions, in 1998 with the rapid growth of the internet and e-commerce, the State of California legalized the process, made procedural regulations to obtain domains and the US Department of Commerce followed through with similar regulations, the United Nations became very involved as far as managing the registration for countries with low literacy rates.